When times are scary, it helps to have a guide who knows the way forward. With a possible recession lurking, we reached out to someone who’s weathered multiple recessions.
Paul Achleitner is former chair of Deutsche Bank’s supervisory board, former CFO of financial services giant Allianz , and a former Goldman Sachs partner, and is now a newly minted author with his first book, Accelerate Your Experience, due out August 21.
To help calm possible CFO anxiety, CFO Brew asked Achleitner about the possibility of recession, how a recession now could differ from past ones, and how CFOs need to be prepared.
This interview has been edited for clarity and length.
I’ll just start with the biggie. Do you think we are on the precipice of a recession?
We all know recessions do come. The